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Nicasia

Update on Nicasia

This member, Nicasia, belongs to the communal bank 'Madres Trabajadoras' (Working Mothers). The bank is located in the district of Santiago, belonging to the province of Cusco and the administrative division of Cusco.

Nicasia has continued her business selling sweets, working as a street vendor in one of the colleges in Cusco. She has been in this business for many years, which has meant that she has been able to help her family to succeed.

Nicasia is requesting this loan to buy more supplies for her business, such as cookies and sweets. She is grateful to those who are a part of her dream, and commits to making her payments on time.
View original language description ↓
La socia pertenece al banco comunal “Madres Trabajadoras”; El banco está ubicado en el distrito de Santiago, perteneciente a la provincia de Cusco y departamento de Cusco.

La socia es la Sra.Nicasia;La socia continua con su negocio de venta de golosinas ,ella trabaja de forma ambulatoria en uno de los colegios del Cusco,la socia lleva años en este negocio el cual mediante este la socia saca adelante a su familia.

La socia solicita el prestamo para la compra de mas golosinas para su negocio como galletas y dulces.


La socia agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.

Previous Loan Details

The member is Mrs. Nicasia. She is 61, married, and has 2 children. The member alternates her daily activities with selling sweets as a street merchant. She sells them in the entrance to the Sivirichi school from 10 am to 6 pm. She sells a variety of sweets such as cookies, candies, gum and… More from Nicasia's previous loan »

Additional Information

Important Information

About Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Peru

  • $6,715
    Average annual income
  • 72
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Nicasia to purchase more supplies for her business, such as cookies and sweets.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
May 24, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012
This photo was used before for a previous loan for Nicasia. It was first posted on Kiva on Oct, 2010. Learn More